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Non-Tech : 100% + Gain, in 72 Hours or Less

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To: Dave H who wrote (357)1/3/1998 1:08:00 PM
From: Instock  Read Replies (2) of 1488
 
Dave: Thanks for the indepth DeMark perspective. You are saying that, if the price can move above 6 1/4 ( Interday ) it could make a big move up, correct? Does not need to close above 6 1/4???
Reason I ask is that it has gone over 6 1/4 interday already.

What would the effect be if the stock moved up above 6 1/4 quickly, and dropped very quickly back below? Much like it did friday.

What about the reverse, a quick drop, maybe even a Gap down, to Fridays low, or very close to it. Would this signal the beginning of a major move down?

DRMD's cash position does not seem to be very good, I wonder if those long in the stock relise that. Earnings are due in about 40 days. There is noting to indicate that 4th quarter earnings will be any better then the previos bad earnings they have recorded. In short, the company is bleeding to death with low cash, high debt, Large negative earnings.
If they do as they have in the past, they will be offering more shares and further delute the stock.

Thanks for your time and effort.

Instock
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